residential

The firm expects to see a rise in portfolio and property recap opportunities over the next six to 18 months as traditional lenders pull back. 

JLL arranged the financing for Five Star Development to finish the $2bn project development.

The borrower in the deal is American Lions, a joint venture between Fetner Properties and the Lions Group.

The global manager offers residential investors equity-like capital, lending around $40m per project.

Student housing lenders see a bright outlook for the sector, but are cautious about the potential for spread compression as the sector becomes more popular with institutional investors.

Market specialist Malcolm Davies at WAY Capital believes there is a need for more pragmatism and creativity around office conversion projects.

More debt investors are looking at financing office-to-residential conversions.

Freddie Mac has continually expanded its multifamily lending presence over the past decade and has its sights set on more broad and innovative measures to keep momentum rolling through present market volatility.

The fixed-rate agency financing was arranged by Cushman & Wakefield.

GFP Real Estate, Metro Loft Management and Rockwood Capital have secured a $536m loan from MSD Capital and Apollo to finance what will be the largest-ever office-to-residential conversion in the US.